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Exercise 17-1 Computing plantwide overhead rates LO P1 Xie Company identified the following activities, costs, and activity drivers for 2017 The company manufactures two types of go-karts Deluxe and Basic. Activity Handling aterials Inspecting product Processing purchase orders Paying suppliers Insuring the factory Designing packaging ped Expected Costs Expected Activity $ 625,860 900,800 185,800 175,083 388,883 75,808 180,809 parts 1,5e8 batches 7e0 orders ook sk rink 580 invoices 40,800 square feet 2 models Required: 1. Compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours 2. In January 2017, the Deluxe model required 2.500 direct labor hours and the basic model required 6.000 direct labor hours. Assign overhead costs to each model using the single plantwide overhead rate rences Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. Deluxe and Basic Activity Handling materials Inspecting product Processing purchase orders Paying suppliers Insuring the factory Designing packaging $ 625,880 989,880 1e5,868 175,868 388,800 75,006 180,808 parts 1,5e0 batches 7e0 orders 5ee invoices 48,e80 square feet 2 models Required: 1. Compute a single plantwide overhead rate, assurming that the company assigns overhead based on 125,000 budgeted direct labor hours 2 In January 2017, the Deluxe model required 2.500 direct labor hours and the basic model required 6,000 direct labor hours. Assign overhead costs to each model using the single plantwide overhead rate Complete this question by entering your answers in the tabs below. Required 1 Required2 Compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. Required 2 >